APTM: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
APTM
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€595,846
2024 · €656,489-€60,643
Equity
€2.6m
2024 · €2.0m+€580,846
Cash
€129,659
2024 · €138,599-€8,941
Balance sheet total
€9.5m
2024 · €8.9m+€580,802
Largest movements
Assets
- Current investments +€612,000
up €612,000 (+1224.0%), from €50,000 to €662,000
Equity and liabilities
- Profit (loss) carried forward +€595,846
up €595,846 (+35.0%), from €1.7m to €2.3m
- Other debts +€459,932
up €459,932 (+210.4%), from €218,587 to €678,519
- Debts after one year -€410,034
down €410,034 (-7.1%), from €5.8m to €5.4m
Income statement
- Depreciation -€135,377
down €135,377 (-80.0%), from €169,286 to €33,909
- Financial income -€89,824
down €89,824 (-12.4%), from €725,989 to €636,165
- Gross operating margin -€63,593
down €63,593 (-31.8%), from €199,728 to €136,135
- Financial charges +€38,723
up €38,723 (+40.2%), from €96,278 to €135,000
- Other operating charges +€3,947
up €3,947 (+112.2%), from €3,518 to €7,465
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€656,489
Gross operating margin
-€63,593
Depreciation
+€135,377
Other operating charges
-€3,947
Financial income
-€89,824
Financial charges
-€38,723
Taxes
+€66
Result 2025
€595,846
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.0m
Investment
-€637,572
Financing
-€415,912
Cash 2024
€138,599
From operations (derived)
+€1.0m
Net result for the year
+€595,846
Depreciation
+€33,909
Receivables within one year
+€16,109
Deferred charges and accrued income
-€2,190
Trade debts
-€38,859
Tax, wage and social debts
-€14,706
Other debts
+€459,932
Accrued charges and deferred income
-€5,499
Investment (derived)
-€637,572
Investment in fixed assets (net)
-€25,572
Current investments
-€612,000
Financing
-€415,912
Debts after one year
-€410,034
Current portion of long-term debt
+€9,122
Contributions, distributions and other
-€15,000
Cash 2025
€129,659
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,905,990 | €9,486,792 | +€580,802 | +6.5% |
| Fixed assets | 21/28 | €8,668,919 | €8,660,582 | -€8,338 | -0.1% |
| Tangible fixed assets | 22/27 | €1,622,619 | €1,614,282 | -€8,338 | -0.5% |
| Land and buildings | 22 | €1,619,415 | €1,591,504 | -€27,910 | -1.7% |
| Plant, machinery and equipment | 23 | €2,470 | €4,691 | +€2,222 | +89.9% |
| Furniture and vehicles | 24 | €735 | €18,086 | +€17,351 | +2361.7% |
| Financial fixed assets | 28 | €7,046,300 | €7,046,300 | = | 0.0% |
| Current assets | 29/58 | €237,071 | €826,210 | +€589,140 | +248.5% |
| Amounts receivable within one year | 40/41 | €48,471 | €32,362 | -€16,109 | -33.2% |
| Trade receivables | 40 | €27,286 | €27,306 | +€20 | +0.1% |
| Other amounts receivable | 41 | €21,186 | €5,056 | -€16,129 | -76.1% |
| Current investments | 50/53 | €50,000 | €662,000 | +€612,000 | +1224.0% |
| Cash at bank and in hand | 54/58 | €138,599 | €129,659 | -€8,941 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €2,190 | +€2,190 | |
| Total equity and liabilities | 10/49 | €8,905,990 | €9,486,792 | +€580,802 | +6.5% |
| Equity | 10/15 | €2,023,627 | €2,604,473 | +€580,846 | +28.7% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €362,000 | €362,000 | = | 0.0% |
| Uncalled capital | 101 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €157,400 | €142,400 | -€15,000 | -9.5% |
| Non-distributable reserves | 130/1 | €36,200 | €36,200 | = | 0.0% |
| Legal reserve | 130 | €36,200 | €36,200 | = | 0.0% |
| Distributable reserves | 133 | €121,200 | €106,200 | -€15,000 | -12.4% |
| Profit (loss) carried forward | 14 | €1,704,227 | €2,300,073 | +€595,846 | +35.0% |
| Amounts payable | 17/49 | €6,882,363 | €6,882,319 | -€43 | 0.0% |
| Amounts payable after more than one year | 17 | €5,763,955 | €5,353,921 | -€410,034 | -7.1% |
| Financial debts | 170/4 | €5,763,955 | €5,353,921 | -€410,034 | -7.1% |
| Amounts payable within one year | 42/48 | €1,070,649 | €1,486,138 | +€415,490 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €750,702 | €759,824 | +€9,122 | +1.2% |
| Trade debts | 44 | €48,100 | €9,242 | -€38,859 | -80.8% |
| Suppliers | 440/4 | €48,100 | €9,242 | -€38,859 | -80.8% |
| Taxes, remuneration and social security | 45 | €53,260 | €38,554 | -€14,706 | -27.6% |
| Taxes | 450/3 | €47,588 | €33,556 | -€14,032 | -29.5% |
| Remuneration and social security | 454/9 | €5,672 | €4,997 | -€674 | -11.9% |
| Other amounts payable | 47/48 | €218,587 | €678,519 | +€459,932 | +210.4% |
| Accrued charges and deferred income | 492/3 | €47,760 | €42,260 | -€5,499 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,286 | €33,909 | -€135,377 | -80.0% |
| Other operating charges | 640/8 | €3,518 | €7,465 | +€3,947 | +112.2% |
| Gross operating margin | 9900 | €199,728 | €136,135 | -€63,593 | -31.8% |
| Operating profit (loss) | 9901 | €26,924 | €94,761 | +€67,837 | +252.0% |
| Financial income | 75/76B | €725,989 | €636,165 | -€89,824 | -12.4% |
| Recurring financial income | 75 | €725,989 | €636,165 | -€89,824 | -12.4% |
| Financial charges | 65/66B | €96,278 | €135,000 | +€38,723 | +40.2% |
| Recurring financial charges | 65 | €96,278 | €135,000 | +€38,723 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €656,634 | €595,925 | -€60,709 | -9.2% |
| Income taxes | 67/77 | €146 | €80 | -€66 | -45.2% |
| Profit (loss) for the period | 9904 | €656,489 | €595,846 | -€60,643 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €656,489 | €595,846 | -€60,643 | -9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.